Yesterday, this blog touted Apple (AAPL) – primarily because of their sexy new iphone. But Jim Cramer says no to lawsuit-beleaguered Steve Jobs’ empire. So, today let’s pull up our sofas and potato chips and dissect what the popular cable sage has delivered. However, we must insist that the first step in Mr. Cramer’s process ought to be “listen to PowerOptions’ Podcast” as an antecedent to getting rich.
Apple (AAPL), in a much-anticipated release, unleashed the iPhone on consumers last Tuesday. The Washington Post reported even the most avid enthusiasts were surprised by the features of the new phone saying it was better than expected.
Alcoa Inc. (AA), a New York based aluminum producer, said yesterday its fourth-quarter profits increased 60 percent. The company cited strong aluminum prices and increased demand as chief among the reasons for the positive results.The company’s net income increased to $359 million from $224 million in the same period last year. The results included the savings from the elimination of 6,700 jobs. The jobs were eliminated as part of a restructuring initiative.
TiVo Inc. (TiVO), the leader in television digital video recorders, announced its partnership with Roxio, a leader in digital media software and subsidiary of Sonic Solutions (SNIC), has yielded the widely anticipated TiVoToGo for the Macintosh operating system. TiVo subscribers with broadband connected TiVo DVRs will be able to transfer programs recorded and stored on their TiVO DVRs to their Macs. The users can also burn the recorded programs to a DVD and enjoy them on portable iPod devices.
Trimble Navigation (TRMB) announced late last month its software will be used in the establishment of a national Global Positioning System, or GPS, infrastructure network in the south of Poland. The company’s network will be utilized by professionals in the surveying and engineering fields to obtain high accuracy (with resolution down to the centimeter) global positioning without the use of base stations or specialized software. Experts say this will significantly increase efficiency and productivity.
Ruth’s Chris Steak House Inc. (RUTH) stated in an announcement last Thursday it expects a 40-plus percent increase in fourth-quarter sales. The increase will be primarily due to company-owned restaurant sales and because the comparable period last year was a week shorter.
Precision Castparts Corp. (PCP) reached an all-time high Wednesday after an analyst with Credit Suisse raised the target price for the stock to $87. The stock closed Wednesday at $81.40.
Nucor Corp. (NUE), a manufacturer of steel products, announced on 2 January 2007 it has offered $1.07 billion for Harris Steel Group (HSG.TO), a Canadian steel manufacturer. Harris Steel’s board is recommending investors accept the all-cash bid.